School for Strings Inc

Analysis

School for Strings Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1977, 49 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, School for Strings Inc reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.2m to $1.4m (-36%), an average of -11% a year. The sharpest change came in the year to August 2021, when income dropped by 16%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, School for Strings Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Teachers and Writers Collaborative Inc ($1.4m), Design History Foundation Inc ($1.4m) and Jefferson Educational Society of Erie ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.3% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $148k (9.8% of expenses). At year end it held assets of $12.6m against liabilities of $123k, net assets of $12.5m. It reported 36 employees.